Tech Bosses Preach Patience as They Spend and Spend on A.I.Meta's Chief Executive announced significant increases in tech infrastructure spending, showcasing a commitment to AI and staying competitive.
Mark Zuckerberg says Meta will have 1.3M GPUs for AI by year-end | TechCrunchMeta plans to significantly increase capital expenditures for AI infrastructure to stay competitive, targeting $60-$80 billion for 2025.
Tech Bosses Preach Patience as They Spend and Spend on A.I.Meta's Chief Executive announced significant increases in tech infrastructure spending, showcasing a commitment to AI and staying competitive.
Mark Zuckerberg says Meta will have 1.3M GPUs for AI by year-end | TechCrunchMeta plans to significantly increase capital expenditures for AI infrastructure to stay competitive, targeting $60-$80 billion for 2025.
CHART: Big Tech is going wild on AI spending next year and beyondMajor tech companies are projected to invest $300 billion in capex next year, driven largely by generative AI advancements.
Meta Stock Slips as Facebook Parent Ramps Up AI SpendingMeta's quarterly performance was strong in revenue but fell short in user growth expectations.Concerns rise over increased capital spending amidst strong revenue and profits.
Meta Delivers Strong Q3 Report And Upbeat Holiday Outlook; Daily Active Users Grow 5% To Nearly 3.3BMeta exceeded Q3 earnings expectations, reporting 3.3 billion daily users and strong revenue growth.
Meta Stock Slips as Facebook Parent Ramps Up AI SpendingMeta's quarterly performance was strong in revenue but fell short in user growth expectations.Concerns rise over increased capital spending amidst strong revenue and profits.
Meta Delivers Strong Q3 Report And Upbeat Holiday Outlook; Daily Active Users Grow 5% To Nearly 3.3BMeta exceeded Q3 earnings expectations, reporting 3.3 billion daily users and strong revenue growth.
The AI boom is turning traditional economics on its head as tech giants boost spending despite high interest ratesMega-cap tech companies are prioritizing AI capital expenditures despite high interest rates, indicating a shift in traditional economic responses to monetary policy.